U.S., Canada motorists weigh cuts to spending as gas prices surge to record

[ad_1] ATLANTA, March 8 (Reuters) – At a Kroger (KR.N) station in Atlanta, general contractor L.W. Boyd had two fuel spigots going at the same time – pumping diesel into…

Global banking crisis: Low prices to brighten prospects of OMCs

[ad_1] Global banking crisis: Low prices to brighten prospects of OMCs  Business Standard [ad_2] Source link

The MbS reset

[ad_1] The Arab press hasn’t buzzed like this since al Qaeda (AQ) hijacked the so-called Arab Spring in Libya and Syria, resetting American interference in the region as CIA routed…

Aramco’s Nasser says oil market tightly balanced

[ad_1] DUBAI, March 12 (Reuters) – Aramco’s chief executive Amin Nasser said on Sunday the market would remain tightly balanced in the short to medium term, adding that he was…

OPEC Expects Stronger Economies to Boost Oil Demand

[ad_1] Markets The Organization of the Petroleum Exporting Countries increased its prediction for global oil demand growth this year by 100,000 barrels a day [ad_2] Source link

OPEC+ Ministers Set to Stay the Course on Oil Production Amid China Covid Woes

[ad_1] World OPEC oil ministers are planning to meet virtually Wednesday [ad_2] Source link

OPEC Remains Cautious on China Despite Reopening Hopes

[ad_1] Markets The outlook on China by the oil producers’ group stands in contrast to many analysts and some investors [ad_2] Source link

OPEC Cartel Has Nothing on China’s Clean-Energy Monopoly

[ad_1] The supply chain for renewable energy technology is even more concentrated than for fossil fuels. Fixing its overreliance on China will raise the cost of the energy transition. [ad_2]…

Opinion | Biden Turns the U.S. Into a Shadow Member of OPEC

[ad_1] Deliberately constraining U.S. supply helps the cartel keep oil prices high and profits up. [ad_2] Source link

OPEC Keeps Oil Supply Forecasts Steady Despite Russian Oil-Price Cap

[ad_1] Markets Commodities Estimates by the oil cartel suggest it doesn’t expect Russian crude-oil production to be badly hit by Western sanctions [ad_2] Source link